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20110331
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of independence, and i know that is what you mean but there is no one picture of the u.s. in 1775, because there are so many different united states, if you will and it isn't the u.s. yet, they have the colonies and they have distinct cultures and economies. >> was there a similar political mood across all 13 colonies, in 1775? >> here we get to the issue, how could they ever act together? i think they could act together because they had the same political assumptions and political values and, they had a common enemy. there is nothing like an enemy to pull diverse elements together. and to the extent britain had begun to, first of all, to try to tax the colonies, although they weren't represented in parliament, and then, when the colonies resisted, followed with others, yes, they pulled together and understood the interest of any one colony was the interest of others, and if they could -- if britain could get by, for example, destroying the assembly of new york, because it had resisted a... refused to supply british troops, if they could do that in new york they could do that in any other
to exchange u.s. debt for state that? >> guest: profoundly important. this went into effect. all of the unrest in the states was in part a response to the taxation of the 1780s where the states were trying to retire their revolutionary war debt by taxes on land, a multiple of what they had been before and the people were very rested but hamilton proposed a brilliant idea, that all the state debts would become a natural death. national debt. he would issue bondss on the united states. a 4% rather than 6%. and didn't have to pay the principal we believe. all you had to pay was the interest. you could do that on the revenue that was coming and on the imports plus some excise taxes and the unfortunate run on whiskey. if basically what he did was to relieve a component of their budget which was the majority what we were raising money for. when the state and loggerhead to pay off their revolutionary war debt they no longer had to impose these taxes and the country became much more peaceful. >> host: next call from john in dallas. >> i'm reading about the history of propaganda in america. stuart spea
. maier we have twitter.n fromit >> what was the significance of alexander hamilton's plan to exchange u.s. debt for the state that? >> guest: a profoundly important proposal. all of the unrest on the states was in part response to the taxation of the 1780s which they tried to retire they revolutionary war by the taxes on the way and that were a multiple before but it was a brilliant idea that they could have become national debt. those issuing bonds on the united states paid 4% instead of 6% and not have to take the principal offo immediately but just the interest. the revenue that was coming from the taxes on the imports plus the excise tax including the unfortunate one on whiskey, but he basically what he did was to relieve the states of ant o component of the budget which was the majority ofit whaty they were raising money for.oney when the state's head noio longern to have the taxes than the country became more peaceful. >> host: in the next call comes from dallas. >> caller: i am reading the history of propaganda in america by ewing and he speaks of a massive propaganda machine like
Search Results 0 to 2 of about 3